Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (251156)	6/1/2010 9:56:24 AM
From: stockman_scott	Read Replies (2) \| Respond to of 306849

BP shares plunge 13% on "top-kill" failure marketwatch.com <<...Dougie Youngson, an analyst at Arbuthnot Securities in London who slashed his BP rating to sell from buy, said the question now isn't just Hayward's tenure as chief executive but the survivability of BP as a whole. "What worries us the most is the emotive language coming from the Obama administration and the reputational damage done so far. It is difficult to see how the company can recover and it remains unclear what punitive measures will be put in place in terms of its operations in the Gulf of Mexico," he said in a note to clients. Analysts estimate billions more in damages and cleanup costs. Given that rivals like Royal Dutch Shell and Total have dropped by roughly 11% to 15% over the same time frame, roughly $45 billion has been taken off BP's valuation due to the spill...>>